A few other products are in the offer when it comes to this signal provider. PipPhenes (Pipphenes.com) review is here with us after a series of complaints. Pip Phenes is a signal provider with a difference; their products are not what you expect. From comforters to T-Shirts, this signal provider has leaped, attracting consumers. It acts as its own shop for selling its merchandise, which also includes mugs. Read this thorough PIPPHENES Review for more on their services.
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Disclaimer at the footer of their homepage claims they don’t have an active receptionist. What they will do instead is get back to you on their time. The team behind this platform claims to have 25 years of combined experience. We are left in the cold as to who is actually behind this trading platform. There are no names or pictures that show the actual staff members. And this is a problem as it leads us to believe this is an anonymous platform. Even their about us page lacks any vital information on what they are all about.
Once you land on their homepage, it’s clear to see that the website is poorly designed. The disclaimer at the footer of their page claims Shopify powers the platform that most don’t know until the signup is that it is a Forex shop. There are a variety of products to get from this platform that is not forex related. And this is why we believe that this platform is out to cripple your funds. There’s no trading going on, and information on their signal performance is dismal at best.
Apart from offering users with all currency pairs, the platform also sells Crypto assets. We have to give credit where it’s due, as having all currency pairs is a plus. It means that you can spread your risks using different pairs. The platform has exotic, major, and minor currency pairs. As far as their Crypto products go, we don’t see them on the market. Any Crypto vendors do not recognize the crypto fund account service. There are Crypto signals that go for $29 per month, which is an affordable rate.
As we pointed out, there is no hard evidence to pinpoint, who is the actual owner. The platform has its address in Venice, California. We asked some traders in the vicinity to confirm this address, and it turned out to be an empty warehouse. That could only mean that this signal provider is a front for offshore scam artists. The developer is using this platform to channel funds to his Crypto management fund. We have to put a stop to this behavior of failing to reveal your credentials. Any anonymous online investment platform that deals with Crypto products is a risk not worth taking.
For premium membership and a chance of receiving their signals, there are six plans for it. Educational and training materials are also found on this platform. The Full Trade Master Pro is selling at $49 while other training guides go for free. With their Crypto products, the Crypto Masters Course goes for $297. We are still not sure whether this price is monthly or for the entire duration. Lack of product information is also visible as visitors are left with more questions than answers.
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We have yet to see anyone heaping praise on the accuracy of these signals. And this is also the case with Crypto and forex trading forums. None of the traders know of this product or its services. Even though the platform has been around for over 10 years, there are no positive ratings. And this is proof that the platform has not been received well by investors and traders. Such signal providers who fail to engage with traders end up being a risk to investors who sign up.
After checking their domain background and history, a couple of things stood out. The website went live on July 14, 2010, and has been in operation ever since. Since 2010, the website went down and popped up in 2016. We are not sure what was going on for those six years. To be dormant, that long could only mean one thing. The platform is changing ownership from time to time. Scam artists buy such domains to help attract investors from different regions.
The Forex signal provider operates under an undisclosed strategy, which is also a problem. Some of the comments we saw suggest the robot uses the Martingale strategy. We can’t confirm it as the vendor fails to give details of his strategy. The platform uses all timeframes and currency pairs. One advantage of such features is that it gives users a better chance of making a profit. The only problem is that the accuracy of their signals is in question. We have not seen anyone with valid evidence of the signal’s capabilities.
One thing is clear; PipPhenes is not a legal entity and is not registered in the United States. We checked with the CFTC and NFA for any platform under this name. Even the company’s name PipPhenes LLC is not registered. With such carelessness, it would be absurd to sign up with such a signal provider. The risks involved outweighing any profit one gets from their signals. With no trading results to prove their performance, this is a lost course. It’s better to deal with entities that protect your interest.
Lack of a valid company license means there’s no money-back guarantee with their products. And this is the reason why they fail to show their faces. The staff fears the backlash they would receive from victims. And this is the reason why they decide to have an invalid address under their name. These are professional online scam artists who don’t care about trading. Such developers create a demo account and hype it as a real trading system.
PipPhenes is offering anyone interested in six plans to choose from. The plans listed include One, Three, Six, and Twelve months. Other two plans have a lifetime plan, and a one-time set-up account called TCAM. We don’t have a clear picture of these plans’ features, which is also another problem. The doubt that the lack of information creates is one reason no one is interested in the platform. These initial four plans come for $97, $197, $349, and $597, respectively. The lifetime license goes for $797, and the one-time plan (TCOM) is $150.
When it comes to their payment methods, the vendor has made sure anyone can get access. Some of these depository options include Amazon, Amex, ApplePay, Bitcoin, MasterCard, PayPal, and Visa. What we do have a problem with is that the vendor puts all the liability on users. When a problem arises due to the signals being late, the vendor won’t be held responsible. Ensure you read the terms and conditions before jumping into a trading platform. There has been no one with proof of making money with this platform.
One would think that this platform would produce stellar trading results. After all the pressure to deliver accurate signals, the platform also fails in producing verified trading results. What they have done is post images from their Instagram account with what seems like profitable trades. There’s no way we can trust such images as they could be doctored from different sources. A real vendor will openly share their results with verified third-party platforms. The vendor should have shared their results with FX Blue or myfxbook.
With all their merchandise and trading products, PipPhenes is still a scam. There’s nothing to write home about with this trading platform. Please stay away from this platform or else become one of their latest victims.
We won’t recommend this platform as it does not offer valid trading results. The anonymity associated with this platform is also too big to ignore.
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